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Ripple Labs Leads $1B Raise to Create XRP Digital Asset Treasury via SPAC
CorporateCrypto

Ripple Labs Leads $1B Raise to Create XRP Digital Asset Treasury via SPAC

•October 17, 2025
•Oct 17, 2025
0

Participants

CoinDesk

CoinDesk

company

Ripple

Ripple

investor

Deal Summary

Ripple Labs is leading a fundraising effort seeking at least $1 billion to establish a new XRP digital asset treasury (DAT) via a SPAC, contributing some of its own XRP holdings to the new firm. The initiative follows Ripple's $1 billion acquisition of GTreasury and plans to access global repo markets.

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